Word on the Street
President Obama won the Nobel Peace Prize in a development that many are calling stunning and mostly undeserved . Here are some reactions .
Despite what the initial inferences might have been, Ben Bernanke did in no way imply that he was thinking about raising interest rates soon. So don't start loading up on the dollar just yet.
The big boys from Wall Street report earnings next week and the expectations are anything but muted .
The Reserve Bank of Australia's decision to raise its key interest (much ahead of schedule) has some thinking that the global economy is rebounding faster than expected.
Water-Cooler Talk
Google got a call from the FCC essentially asking the search giant why it is blocking certain calls from being placed via its Google Voice service. The tables have turned as typically Google is the one complaining (about net neutrality etc.) and FCC is the one listening.
No high priced consultant is ever going to convince the FDIC and Sheila Blair that Vikram Pandit is actually worth keeping around as the head of Citigroup .
Speaking of Pandit, he did not know what to do about the $100 million compensation package Citi promised one of its energy traders. So he is dumping the problem on Occidental Petroleum . Here are 10 things you didn't know about the $100 million dollar man.
The Cruz Missile is coming back to Wall Street. Two years after being kicked out of Morgan Stanley for losing too much money, the erstwhile one of the most powerful woman on the street is starting her own hedge fund.
Here is who actually ended up winning from the financial crisis.
Weekend Reading
Failure is an important part of capitalism. But how can we make sure that we let it happen and in an orderly fashion ?
Let's not get overprotective of the greenback, protectionism is bad for the dollar .
The tough job market and the unfortunate toll it is taking on Americans is bound to become a political liability before the mid-term elections next year .
Value investors are having to dig around a lot harder to find something worth investing in these days.
Move over Billy Beane, another MLB general manager is laying claim to the Moneyball moniker .
Other Juicy Tidbits
Don't remember the last time you were allowed to have a lavish meal on the company's tab? Use this fake receipt generator and enjoy some steaks! Here is how it works.
Tiger Woods just booked his flight to Rio in 2016 thanks to a decision from the IOC .
If people can't even agree on what exactly a clutch hitter is, then how can you say A-Rod is not clutch ? Opines the WSJ.
Don't show this to Bud Selig.
2 years ago at this time, the markets hit an all-time high. Here is a statistical rundown of what has transpired since. | 
